Seagate Technology Holdings PLC $STX Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,132 shares of the data storage provider's stock after purchasing an additional 5,797 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.05% of Seagate Technology worth $15,462,000 as of its most recent SEC filing.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Seagate Technology by 2.7% in the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider's stock valued at $2,441,729,000 after buying an additional 769,009 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Seagate Technology by 12.9% during the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider's stock valued at $1,607,321,000 after acquiring an additional 2,161,191 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider's stock valued at $656,066,000 after purchasing an additional 85,660 shares during the last quarter. Invesco Ltd. boosted its stake in Seagate Technology by 3.6% in the 1st quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider's stock worth $243,077,000 after purchasing an additional 99,884 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Seagate Technology by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider's stock worth $138,378,000 after purchasing an additional 12,424 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 2.1%

Shares of STX stock opened at $259.14 on Thursday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $297.88. The stock has a market cap of $55.34 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business has a 50-day simple moving average of $238.04 and a 200-day simple moving average of $174.64.

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Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.40 by $0.21. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.Seagate Technology's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This is a positive change from Seagate Technology's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. Seagate Technology's payout ratio is presently 38.00%.

Insider Transactions at Seagate Technology

• Seagate's Record Earnings Prove Its Role as a Core AI Player

In related news, EVP Kian Fatt Chong sold 7,078 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $272.14, for a total transaction of $1,926,206.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the sale, the chief executive officer owned 465,668 shares in the company, valued at approximately $122,386,863.76. This represents a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 131,261 shares of company stock worth $34,210,708. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Seagate Technology from $240.00 to $250.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 29th. Mizuho boosted their price objective on shares of Seagate Technology from $245.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Morgan Stanley upped their target price on Seagate Technology from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Wednesday, October 29th. Argus lifted their price target on Seagate Technology from $170.00 to $300.00 and gave the stock a "strong-buy" rating in a research report on Thursday, October 30th. Finally, Benchmark boosted their price target on Seagate Technology from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $281.36.

Check Out Our Latest Report on STX

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.

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